HP, Philips help supply chains scrub 434 million tons of CO2

Big corporate buyers are driving a sea change in climate action throughout the world's industrial supply chain, according to a new report released by the Carbon Disclosure Project (CDP). Last year suppliers worldwide cut emissions by 434 million tons of carbon dioxide, more than France's total emissions in 2014. The move delivered associated cost savings of $12.4 billion, more than double the figure achieved in 2015. According to CDP, the shift was prompted by many of the world's leading corporates stepping up their commitments to tackle indirect emissions following the Paris Agreement in 2015, which requires global emissions to hit net zero before the end of the century. As pressure mounts and the impacts of climate change intensify, suppliers are increasingly recognizing the need for climate action: of the 4,366 supplier companies that responded to the CDP's request for ...